A different perspective on Vietnam’s economy and doing business in Vietnam. Make sure to subscribe.
How to Export Clothing from Vietnam: Ultimate Guide 2024
How to Import Clothing Materials to Vietnam: Ultimate Guide 2024
How to Manufacture Clothing in Vietnam: Ultimate Guide 2024
How to Open a Data Centre in Vietnam: Ultimate Guide 2024
How to Start an Import Business in Vietnam: Ultimate Guide 2024
How to Export Food from Vietnam: Ultimate Guide 2024
How to Import Food into Vietnam: Ultimate Guide 2024
How to Start a Real Estate Business in Vietnam in 2024
How to Brew Beer in Vietnam: Ultimate Guide 2024
How to Make Video Games in Vietnam: Ultimate Guide 2024
How to Start an Export Business in Vietnam: Ultimate Guide 2024
How to Import Footwear Materials to Vietnam: Ultimate Guide 2024
How to Export Footwear from Vietnam: Ultimate Guide 2023
How to Manufacture Shoes in Vietnam: Ultimate Guide 2024
How to Set Up a Company in Vietnam: Technical Guide 2024
How to Start an English Centre in Vietnam: Ultimate Guide 2024
How to Open a Bar in Vietnam 2024: Ultimate Guide
How to Start a Business in Vietnam: Ultimate Guide 2024
How to Export Coffee from Vietnam: Ultimate Guide 2024
How to Import Coffee to Vietnam: Ultimate Guide 2024
Vietnam’s Healthcare Industry: Overview 2024
Vietnam’s Fabric Manufacturing Industry: Overview 2024
Vietnam’s Wood Manufacturing Industry: Overview 2024
Vietnam’s Yarn Manufacturing Industry: Overview 2024
Vietnam Garment Manufacturing: Industry Overview 2024
Vietnam Golf Industry: Overview 2024
Vietnam Wine Industry: Overview 2024
Vietnam Online Shopping: Industry Overview 2024
Vietnam’s Wind Power Industry: Overview 2024
Vietnam’s Coal Power Industry: Overview 2024
Vietnam’s Gas Power Industry: Overview 2024
Vietnam’s Solar Power Industry: Overview 2024
Vietnam’s Music Industry: Overview 2024
Vietnam’s Publishing Industry: Overview 2024
Vietnam’s Advertising industry: Overview 2024
Vietnam’s Agriculture Industry: Overview 2024
Construction Industry in Vietnam: Overview 2024
Vietnam’s Supplements Market: Overview 2024
Vietnam’s Auto-Insurance Industry: Overview 2024
Vietnam’s Life Insurance Industry: Overview 2024
Vietnam is becoming a powerhouse for business and enterprise and this has led to huge demand for transportation services. From roads to rail to ships to aeroplanes there are a multitude of ways of moving people and products around Vietnam
This section covers: aviation, shipping, and road and rail transport and associated services.
The Vietnam Automobile Manufacturers’ Association–the VAMA–October sales report has found that vehicle sales of the group’s members jumped about 7 percent compared to September. The jump was across the board with all key segments recording higher sales.
Vietnam’s Ministry of Transport has gone to the National Assembly requesting an extension of the deadline for Ho Chi Minh City’s second airport which is currently under construction in Long Thanh. At the same time, the Ministry is also asking for permission to add a second runway to the first phase of the project…
Thanh Nien has reported that this is a back-up option to be utilised if the company cannot find capital sources elsewhere. It also notes that existing debt owed to VinGroup will be converted into shares of VinFast…
This is notably in that the factory was officially put on hold earlier this year, as the nascent car maker deals with huge losses, legal action, and little interest in its vehicles in the US market. VinFast has said the factory, which was scheduled to start operating next year, will now start operating in 2028.
Of note, year to date, Vietnam Airlines and Vietjet have executed 83,552 and 83,326 flights, respectively, putting Vietjet just a cat’s whisker away from being Vietnam’s biggest airline in terms of the number of flights…
This is somewhat of a surprise in that the airline has been struggling for the better part of two years during which it has repeatedly downsized its fleet and number of routes…
Year on year sales are also up about 2 percent, on the back of the jump in sales in September. Car imports are also up averaging 13,820 units a month so far this year which is up from an average of 9,612 in 2023…
This comes after the Ministry of Transport announced that it intended to avoid foreign loans to pay for the project in favour of utilising domestic finances…
Vietnam’s Transport Ministry has said that Vietnam’s high-speed railway project connecting Hanoi and Ho Chi Minh City will utilise domestic finances and technology, as opposed to support from abroad. It is, however, expensive and financing it alone will be challenging.
Notably, debt-diplomacy has become common in recent years particularly in developing nations and given Vietnam’s precarious position in the world in terms of geopolitics, a reluctance to be indebted to external creditors is understandable. That said, this is a huge and very expensive project that really needs to be done right and Vietnam has no existing high-speed rail and therefore no experience installing and using the technology to speak of.
The joint venture between Mercedes-Benz and local firm SAMCO had requested an extension of its land lease as far back as 2021, however, the request was never actioned due to the aforementioned regulatory challenges (the can was kicked down the road). This came to a head earlier this year, however, when the company said it was considering shutting down its operations in Vietnam altogether as a result of the lolly-gagging…
Freight forwarding in Vietnam plays a critical role in facilitating international trade and logistics in Vietnam, serving as a key connector between manufacturers, exporters, and global markets–with its strategic location in Southeast Asia and a rapidly expanding infrastructure network, Vietnam has become an important hub for freight forwarding services. Furthermore,
The last-mile delivery sector in Vietnam is undergoing rapid transformation driven by the e-commerce boom and evolving consumer expectations. Despite challenges such as infrastructure limitations, high costs, and logistical complexities in rural areas, the industry is poised for growth through technological innovation and strategic partnerships. Emerging trends like AI-driven optimization, micro-fulfillment centres, and alternative delivery methods are shaping the future of last-mile delivery in the country.
A new assembly plant for the Czech Republic’s Skoda vehicles is set to go into operation later this year in northern Vietnam, The Investor is reporting. The plant in Quang Ninh province is 90 percent complete, according to the firm, and began a trial run back in May. Set on 36.5 hectares the factory will add a capacity of 120,000 vehicles a year to Vietnam’s automotive industry…
Vietnam’s aviation industry has grown quickly, driven by a rising middle class and increasing demand for both domestic and international travel. Key players, including national carriers and low-cost airlines, are competing to offer diverse services while maintaining affordability. That said, the industry has not yet fully recovered from COVID border closures and it still may have some way to go yet.
Of note, Vietnam’s cities are already straining to accommodate the rise in car ownership and the penetration rate is only around 5 percent. If the country is to reach car sales of 1 million units a year, there will need to be some fairly big investments in infrastructure. It’s not clear how or if this will be addressed…
Motorcycle sales, despite a decline of 16.21 percent in 2023 compared to 2022, still far exceeded car sales. The comparison between the over 2.5 million motorcycles sold and just over 214,000 passenger cars sold underlines how deeply motorcycles are integrated into daily life…
Moving forward, total demand for air passenger transport in 2024 is forecast to reach 84.2 million passengers, an increase of 15 percent compared to 2023. However, the aviation industry has been facing a shortage of aircraft due to a recall of Pratt & Whitney engines. VJC has had to temporarily ground 22 of its 85 aircraft for maintenance and repairs and this may last until 2025…
Of note, it is not the first ride-hailing app to withdraw from the country. South Korea’s Baemin announced it would cease operations in the country back at the end of last year and Uber left Vietnam back in 2018 after selling its Southeast Asian operations to Grab…
From a peak in 2022 of VND 7.4 trillion or US$298.3 million, Thaco has seen its profits continue to fall. This has been attributed to a decline in car sales on the back of broader economic challenges in Vietnam. This is, however, only one part of much bigger changes in Vietnam’s car market as new trade agreements pull down tariffs on imports and trade remedies against cars imported from China into the US and EU see Chinese car makers search for new markets…
How Well Prepared Is Vietnam for a Trump Presidency?
Temu in Vietnam: What’s Fair in Free Trade?
Media Relations in Vietnam: Lessons from VinFast
It’s Time to Talk About Vietnam’s Credit Growth Policy…
Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked
Paying For Vietnam’s High-Speed Rail: Unpacked
Should Vietnam Be Worried About Indonesia Joining the CPTPP?
Why More Foreign Films Aren’t Made in Vietnam
Can Vietnam Survive the Steel-Trade Wars?
A Brief History of Startups in Vietnam: Unpacked 2024
What’s Going On with Vietnam’s Car Market in 2024?
How African Swine Fever is Reshaping Vietnam’s Pork Market
Is a Sugar Tax Right for Vietnam?
How is the EVFTA Working Out for Vietnam?
What Does a Devalued Yen Mean for Vietnam?
Vietnam’s New Direct Power Purchases Decree: Unpacked
What’s Happened to Vietnam’s Beer Market? Unpacked 2024
PetroVietnam Power Corporation: Vietnam Stock Overview
Vietnam’s VN30 Index Stocks 2024
Vingroup: Vietnam Stock Overview
SeABank: Vietnam Stock Overview
Saigon Thuong Tin Commercial Bank: Vietnam Stock Overview
Vietnam International Bank: Vietnam Stock Overview
Saigon – Hanoi Commercial Bank: Vietnam Stock Overview
Vietnam National Petroleum Group: Vietnam Stock Overview
Tien Phong Commercial Bank: Vietnam Stock Overview
Vietnam Prosperity Commercial Bank: Vietnam Stock Overview
PetroVietnam Gas Corporation: Vietnam Stock Overview
VietinBank: Vietnam Stock Overview
Military Commercial Bank: Vietnam Stock Overview
HDBank: Vietnam Stock Overview
Vinhomes (real estate): Vietnam Stock Overview
BIDV (banking): Vietnam Stock Overview
Becamex IDC (real estate): Vietnam Stock Overview
Bao Viet Holdings (Insurance): Vietnam Stock Overview
Century Synthetic Fiber Corporation: Vietnam Stock Overview
Mobile World (retail): Vietnam Stock Overview
Vietnam Tourist Arrivals Tracker: October Update [data set]
Vietnam Car Sales Tracker: October Update [data]
Vietnam Imports Tracker: October Update [data set]
Vietnam Exports Tracker: October Update [data set]
Vietnam CPI Tracker: October Update [data set]
Vietnam FDI Tracker by Sector: October Update [data set]
Vietnam FDI Source Country Tracker: October Update [data set]
Doing Business in Vietnam: Events Directory 2024
Vietnam Retail Sales Tracker: August Update [data set]